Split27 May 2026, 07:52 pm
Mangalam Worldwide Equity Split: ₹10 Face Value to ₹1
AI Summary
Mangalam Worldwide Ltd's board approved the sub-division/split of the company's equity shares. Each share with a face value of ₹10 will be split into 10 shares with a face value of ₹1 each, pending shareholder approval via postal ballot. The record date will be announced later. The board also approved altering the Capital Clause of the Memorandum of Association. A postal ballot will be conducted, and M/s. Manoj Hurkat & Associates have been appointed as scrutinizer.
Key Highlights
- Equity shares split from ₹10 to ₹1 face value, pending shareholder approval.
- Alteration of the Capital Clause of the Memorandum of Association approved.
- Postal ballot to be conducted for shareholder approval.
- M/s. Manoj Hurkat & Associates appointed as scrutinizer for the postal ballot.
- Split aims to enhance liquidity and widen shareholder base.
Price Impact
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